 Welcome to Digital Asset News. Take a top stories in crypto and bring down a bite-sized pieces. So just like the thumbnail suggests, there's something going on in the background and I'm going to bring some stories to light which might be able to give us a little bit more insight into what is going on. First up, SoftBank to put $75 million in the Peter Teal, the billionaire, backed crypto exchange. What I find interesting about this is just not about the money that is going on, but what this exchange is actually going to do and how more banks are getting into the cryptocurrency space. On top of that, we're going to take a look at a 2.3 trillion asset center management capital group buys 12% of micro strategy shares. Why is this so important? It's because micro strategy is pretty much a Bitcoin ETF at this point. And we're also going to take a look at what is going on with BlackRock and Larry Fink. And I think people have got it twisted as to what he said and how much they actually have into micro strategy and how far back it actually went. And then we're also going to talk about bankers, speaking of which we need to talk about how Bank of America just approved Bitcoin features trading for some clients. And we're going to talk about just who those clients actually are. Hint, hint, they got a lot of money. And then finally, we have to talk about Tcoin. So we'll take a look at all those things. But first, let's take a look at what's going on into the market. And first, I want to blow this up just to let you know that if you are a member of Trade the Chain, just so you know, if you click on right here, it says sent token airdrop at the very top right here, they are going to give you a sent token. So be aware of that. And then also, market cap today, not considering sent token is 1.3 trillion. So we're up almost a percentage. Watch out. That's amazing. So let's see what else is up. Hopefully something has boogied us. And for all the talk about, let me blow this up so you can actually see it. For all the talk about Bitcoin going to 28k, even for me, even I was talking about maybe 26k, it's pretty amazing the resiliency of Bitcoin. I mean, we did pass 30,000 just a little bit ago. I was on James' channel of our best answers. And he picked that up real fast. And he talked about how there's like these, there's there's sell walls and buy walls. And you can take a look at FTX. And as soon as it hit below 30,000, there were so many buyers that he was barely just to catch that falling knife. And it's amazing that again, Bitcoin stays resilient up 2% for the day, Ethereum up a little bit. And really, everything's kind of in that sideways pattern, maybe a little bit of losses here, like Solana down 3%, but Stellar's up 4%. So just a little choppy what's going on. And then if you're a big trader, I'm not, but take a look at sentiment analysis, which with a 90% assurance, this is what we're looking at for these big plays. I would look at maybe red coin, bakery token, no idea what that is, linear, coup coin, Cosmos, digital note, and Kyber. And these are the types of spreads that they're looking at. Anyhow, let's jump into today's story because I mean, this is pretty interesting. This exchange called bullish. And bullish, we'd actually covered this article about three or four days ago. And what's amazing to me is that the former head, the former president of the New York Stock Exchange, is going to be the CEO of this cryptocurrency exchange. So it's not about what you know, it's who you know. I think this gentleman knows a couple of people he could pull in to do this. And to me, it's not so much about the exchange as being another exchange, because we have so many. But what they're doing is they're partnering up with Block One, the same people who made EOS. Yeah, go figure EOS, right? And they're bringing the best parts of DeFi, gaining yield by giving out or not staking, but providing liquidity for cryptocurrencies. So I think a lot of different players like, hmm, I don't know about this, this, you know, trading it and doing all these things and, you know, the hacks, whatever else. But I think what would be great is if I could just gain yield just by giving up a little of crypto and making the liquidity part. So anyhow, I thought that was interesting. And then the plot thickens. So SoftBank put 75 million into Peter Thiel back tripped. First of all, I forgot this whole thing that Peter Thiel was actually backing this crypto exchange. And Peter Thiel, if you don't know, he's part of the PayPal mafia, as I like to call it. Those are the guys that actually created PayPal. And he's gone on to a lot of great things. As far as like investing, I mean, I'm not saying he's a great person, we're saying he's done great things as far as like making a ton of money. One of those is able to stock away a bunch of shares into his Roth IRA at like pennies for the shares of PayPal. And it grew into 5 billion. Try doing that tax-free crazy. I'm getting off topic. Sorry. So anyhow, SB Northstar, a wholly owned subsidiary of Japanese financial giant SoftBank, set to pour 75 million into bullish crypto exchange, which is yet to be launched publicly crypto exchange that has the backing of billionaire Peter Thiel. We know that. It was created by Block One, coming behind EOS, you know, of course, those guys. So last week, it was reported that bullish would hold a public offering through a special purpose acquisition company or SPAC merger. With its upcoming public debut, bullish will join such crypto stalwarts. And this does not sound good when I'm reading this, because when I'm reading this, just kind of remember what happened to all these guys when they went public and everything, backed, circle, and of course, Coinbase, whose direct listing in mid-April marketed the top of the latest crypto bull run. So that's the big thing. So just so you know, just so you know, those three that you said was not a very bullish sentiment. I mean, we can look back, especially what happened with Coinbase. And it was pretty awful because, of course, the ICO, I mean the ICO, the public offering, or how they said it, right after that, everything just kind of crashed. So I'm hoping that with bullish, it will actually bring more people in because of what I just talked about, the big aspects of DeFi, providing liquidity and getting a pretty good yield just for, you know, providing your cryptocurrency. I think that will be a big push. But I mean, the big push to me really was that, you know, these banks, SoftBank is getting into the fray and they're like, yes, $75 million. And they've also gotten into other different crypto. There was a part I make mention here is that in June, SoftBank put $200 million into Mercado Bitcoin, largest crypto exchange in Brazil. So again, when people are talking about how this is a, this is a very bearish moment and everything's going to go down and crash. And I just don't believe it. I think every time people, even myself think we know exactly where the market's going, it does the exact opposite. So when everybody is doing the exact same thing and they're calling for it, this is awful. This is awful. It's bearish. It's awful. Take a look at the big picture. When in doubt, zoom out and really take a look at where all the not the lendings, excuse me, the masses are going. And just sometimes it's best just to have an alternative opinion. That's all I can say. So let me know what you think about that in the comments section. Let's move on to our next piece. We talk about this company right here, Capital Group, buys 12% of micro. So what's going on here? So according to several experts, software company MicroStrategy has become a proxy for a Bitcoin ETF, which is true because look, MicroStrategy is a data analytics company. And I'm sure they do great things. But when they started to buy Bitcoin, a ton of it, then all of a sudden people like, we want to buy that company. They had no interest in the data analytics part. It was all about, well, if they buy Bitcoin and the price of Bitcoin goes up, then their shares will go up. It's kind of like an ETF and that really whacked out way without having an ETF. So they could actually get exposure to crypto without buying crypto. Same thing is happening with all the Bitcoin mining companies like Mara and places like that. And also, I think what's also going to happen, don't forget that Celsius is also into Bitcoin money now. They just dumped $200 million into it a couple months ago. Anyhow, per an SEC filing, Titan Capital International Investors, a U.S.-based division of investment firm Capital Group purchased 12% of MicroStrategy's common shares. Documents filed on June 30th, it builds a purchase of 953,000 shares from the software company with $2.3 trillion in assets under management and $7.6 billion in annual revenue. Capital Group is one of MicroStrategy's largest investors. On top of that, BlackRock with $9 trillion in assets under management is the company's largest investor. In total, BlackRock has a almost 50% stake in Micro, which translates into a bunch of shares with a lot of money. Okay, great. So here's the thing. We see this and we're like, okay, so when, and this goes on to my next piece where we're talking about here about BlackRock and Larry Fink and what he said a couple of days ago where he said, Larry Fink, CEO of BlackRock, $9 trillion assets under management. So there's very little demand for crypto lately. And everyone's like, oh, really? And even I said this, like, oh, really? Well, why did you invest so much into MicroStrategy? And people like when I hear it, I'm like, yeah, that makes sense. But I did a little digging because I'm like, I want to know when they initially invested into MicroStrategy. That was the big question. And I had to take a look at a website called Fintel. And it kind of just takes a look at the history of what BlackRock has invested into BlackRock ownership and MicroStrategy Incorporated. And you can see right here, it starts right here, February 5, 2000, that starts, excuse me, ends February 5, 2021. And it goes all the way down to February 10, 2012. I was interested. I'm like, I wonder if this is BlackRock or somebody else. So I pulled up the SEC filing, which you can see right here. And it states clearly when we blow this up so everybody can see it. This was MicroStrategy Inc. in the name of Venture. The title of class of securities that's common stock. This is on December 30, 2011, the date of event which requires filing. And who was this name reporting persons? BlackRock, right there. So look, MicroStrategy is a data analyst company. And from what I can tell, it looks to me like BlackRock didn't just get into the foray of MicroStrategy. They've been investing for quite some time way before Michael Saylor got into Bitcoin. Because remember, Michael Saylor used to call Bitcoin a fraud, and he wasn't even into it. And then just recently, he got into it. So the narrative around that, I think falls a little bit flat. I could be wrong, which I think, let me know what you think in the comment section. But I still believe that BlackRock, because here's the thing. Larry Fink previously said that Bitcoin has caught the attention of many people and that the crypto market was still relatively small compared with others. He just said this like three months ago. And BlackRock said Wednesday it has about 10 trillion of assets under management. Again, so good for them. But Larry Fink just based this on a trip he took over the last two weeks. And he says nobody asked him about crypto. So there's very little demand. Let's break it down. Okay, let's take a look at the bankers and what's going on. So we covered this before. I'm just going to do a real quick recap. JP Morgan, we know those guys, not a big fan of crypto. And UBS, they were also the bank, they also were shutting off deposits, planned to onboard active crypto strategies. And just so you know, UBS, the biggest Swiss bank started exploring ways to offer crypto to its affluent clients this May, not too long ago, of course, there was a big dip, which they're probably very happy because recently they just said, Hey, stay clear of crypto. This is on July 5th. This article was on July 14th. So what's going on? Well, if you're given your prospects, you're affluent customers, you're like, Hey, here's a great opportunity. And it's really going down. If they can just send a little bit of fun message out there, they can get it for a little bit of lower price. And remember, in traditional markets, I mean, two, three percent is like a great year, I guess. So if they can actually pull this price down, good for them. And they're affluent customers like those guys are geniuses. Those are fantastic. Good job. And they didn't do anything but just manipulate the price. Again, manipulation, I still think it's here. Can I say if it's 5% or 8.2% or 70%? No. But can I say it's here? Yeah, because it's everywhere. And then moving on also as far as like banks goes, NY Dig partner, there's a partnership with like 650 different banks and credit unions, which is up to 18.3 million customers will soon be able to buy, sell and hold Bitcoin directly from their bank accounts. We had talked about this before. So again, look at what's going on. There's something brewing in the background. I just feel it like that's what's going on. There's all these different deals being made. There's all the different banks getting into it, which is really kind of weird if you think about it, because before they were like totally against it. And all of a sudden it's like they see the running on the wall. Then you got these big institutions and and he's going, you know what, we don't really, we're not going to probably say anything. But then behind the scenes are doing a lot of different acquisitions are doing a lot of different money plays like we just talked about as far as like 75 million to a crypto exchange again. So can I say with 100% assurance that this is totally 100% bullish? No, I can't. But I just see the running on the wall about what's going on. Do I think we're in for some another Rocky month? Potentially, I think July is going to suck so far have been corrected has not disappointed. And we'll see what happens in August. Anyhow, that's what I got for that part. And then speaking of banks, let's talk about Bank of America. As they approve Bitcoin futures trading for some clients, some clients, can you guess who they are? Like most institutions, the bank has been a conservative Bank of America and it's approached the crypto sector, which is good, good for them. But due to a large amount of margin required to trade the futures is now allowing some clients to access the crypto market. These clients are setting up the trade Bitcoin futures, which are cash settled. So just remember cash settled. It's not like they're actually getting, you know, the actual Bitcoin, but it does have a mental and psychological effect to the market, even though it is Bitcoin futures and one or two may have already gone live. A number of investment banks are reportedly allowing clients to invest in crypto products in March. Goldman Sachs confirmed plans to relaunch its crypto trading desk after a three-year hiatus. Why do you think that is? Because everything was going up and there's so much demand because look, they're not stupid. If you've got a bunch of different individuals, a bunch of different clients who go, we'd like to put money into this, their job is to make money. So they're like, let's do that. So what did they do? They started this trading desk after a three-year hiatus because there's more demand. In May, the investment bank started buying and selling Bitcoin futures and block trades through the CME group. So great. So again, I think there's something going on in the background. I could be wrong. I think that we're going to see some fireworks later, but let me understand the comment section. Let's move on to our last piece. I want to beat a dead horse. Let's talk about Tcoin. What is it? Well, it's nothing. It's worthless. That's what it is. It's a coin that we created on the Cardano blockchain. Me and the guys from DNews Stakepool and we're going to be air dropping that at random to people, anybody who is invested into the DNews Stakepool. So if you have Cardano, first of all, why haven't you staked it? It's super simple. It never leaves your wallet. There's no slashing penalties. You can stake and unsteak at will. Usually it's four to six, six percent APY. We're averaging around 5.1 somewhere around there, 5.2. Just depends on that because we have two different stake pools. And to show you exactly how easy it is, just go to see that thing that spins up on my head every time. Dan teaches crypto, 100% free website. Just go there, click on the menu and depends if you're on your mobile or whatnot. Go to Ada Staking. It's going to take you to this handy dandy webpage. This video is going to pop up about 20 minutes. It's going to tell you exactly how to stake, how we compare to other stake pools, how to use the Daedalus Yoroi ADA light wallet and everything else. And just remember, you lucky you get a totally useless coin called tomato coin. And that is it for today. So look, that's all we got. And again, I think there is a lot of bearish news out there. And depending on who you talk to or look at or whoever else, I mean, we just covered a story yesterday where Clem's guy who thinks Bitcoin's going to 8,000. I brought on CJ Rykel, follow him on Twitter from Marker Rebellion. Really good at the TA chart. He's like, that's, I don't see that. And a lot of people don't. But again, some people are calling for a bear, some people are calling for a bullish. But in reality, you just have to take a look at the big picture. Where do you think things are going? Do you think Bitcoin's going to zero? Do you think Ethereum is just going to be wiped away? Do you think Satoshi Nakamoto is going to come out of the shadows? Probably not. And we'll probably see some pretty good things. Now I can't say when, I just know it's going to happen. And that's why right now I'm just accumulating. So that is it for today. So thanks so much for staking all the way with me to the end. If you liked the video, give it a thumbs up. Consider subscribing. A lot of things we talk about on this channel are time sensitive. And we'll be dropping the avalanche review on DNews clips, which we go more in depth over there. And we'll do that hopefully in the next couple of days. So thanks so much for watching. I appreciate it. See you on the next one.